The windfall tax was introduced in July 2022 when the Russia-Ukraine war and Western sanctions lead to surging crude oil ...

Apart from taking a share of windfall profits of oil producers and fuel exporters to partly soften the blow of duty cuts on ...

MOSCOW - Oil producer Saudi Aramco left its December official selling prices (OSPs) for liquefied petroleum gas (LPG) unchanged while Algeria's Sonatrach cut theirs by 2-3% due to rising supply in the ...

First imposed in July 2022, the windfall tax—formally known as Special Additional Excise Duty (SAED)—was introduced to ...

Get ready for higher costs this holiday season as jet fuel and LPG prices rise, making air travel and dining out more ...

Oil prices were rising in early European trade, supported by Chinese factory activity growth and expectations that OPEC+ will ...

A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...

Imposed in July 2022, the windfall tax—formally known as Special Additional Excise Duty (SAED)—was introduced during a surge ...

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely ...

The move to scrap the windfall tax, effective immediately, comes after two months of deliberations even as global crude oil prices have stabilised.

India has scrapped a windfall tax on crude products, aviation turbine fuel, and petrol and diesel exports, a government order ...

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil ...